Der Dotard is already focused on Jay Powell being to blame for the stagflation coming on this country's economy. If so, the president needs to explain why interest rates need cutting if the economy is so strong and employment is higher than BLS statistics show. If both are true there is no need to cut rates, and a rate increase would make more sense. If prices are rising at a rate above the target of 2% inflation that means wage rates will rise, with no gain in employment. If the reports from the BLS are accurate (which I believe them to be), an argument could be made for rate cuts in coming months, except for that pesky inflation rate.

The next Fed chair will have his hands full. The MAGA GOP candidates for the 2026 election would well be in panic mode by next Spring and a wrong move by the new Fed chair could cause control of the Congress to change to the Dems, with major hijinks then ensuing ...